Pemex GDN Comes at Wide End

Sep 20, 2013

Pemex has priced a MXP10.4bn ($818m) peso-denominated global depository note (GDN) transaction at levels wide to initial price indications. Adding a fresh point to the Mexican state-owned oil company’s curve, the new 2024 priced at par with a 7.19% coupon, to yield Mbonos+140bp, at the...